REPORT ON FEASIBILITY OF MULTIYEAR CONTRACT FOR PROCUREMENT OF JASSM-ER MISSILES.

SEC. 151. REPORT ON FEASIBILITY OF MULTIYEAR CONTRACT FOR PROCUREMENT OF JASSM-ER MISSILES. (a) In General.—Not later than March 31, 2020, the Secretary of the Air Force shall submit a report to the congressional defense committees assessing the feasibility of entering into a multiyear contract for procurement of JASSM-ER missiles starting in fiscal year 2022. (b) Elements.—The report required under subsection (a) shall include the following elements: (1) An initial assessment of cost savings to the Air Force from a multiyear contract. (2) An analysis of at least two different multiyear contract options that vary in either duration or quantity, at least one of which assumes a maximum procurement of 550 missiles per year for 5 years. (3) An assessment of how a multiyear contract will impact the industrial base. (4) An assessment of how a multiyear contract will impact the Long Range Anti-Ship Missile. (5) An assessment of how a multiyear contract will impact the ability of the Air Force to develop additional capabilities for the JASSM-ER missile.